Toronto Real Estate Board Reports Best November On Record

Toronto SkylineDecember 4, 2015- The average selling price of a home in Toronto is up 9.6% on an annual basis. The average detached home in Central sold for $1,559,893, West $1,018,621, and East $745,718. Condo apartments, on average, sold for $466,939 in Central, $415,316 in the West districts, and $293,234 in the East districts. It is not thought that mortgage rates will rise substantially, however, it is likely that the new government will implement borrowing rules that may make it more difficult  to buy a property. (So get buying or selling, if the time is right for you!) Review this month’s Market Watch Report and Visit Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D Division, Brokerage 416-489-2121 to find out how much your home is worth and where you should be buying in Toronto.


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